Deal Details
Follow-On Offering
Summary
Baird served as a co-manager in this offering.
About
Ashford Hospitality Trust, Inc. (“Ashford” or the “Company”)(NYSE: AHT) recently completed a follow-on offering of 7,000,000 shares of its common stock at a price of $12.50 per share, generating gross proceeds of $87.5 million. Ashford intends to use the net proceeds from the offering to repay its borrowings under its senior credit facility and for general corporate purposes.Ashford is a self-administered real estate investment trust focused on investing in the hospitality industry across all segments and at all levels of the capital structure.
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- Date
- June 2011
- Company
- Ashford Hospitality Trust, Inc.
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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